Registration in a state
Obtaining an EIN from the IRS
Opening a bank account
Everyone who is self-employed and developing their own business, because a company (unlike simple self-employment) has flexible tax options. It can be taxed as an individual tax entity (like a sole proprietor) or as a partnership or a corporation (S or C), depending on the owners’ choice.
Everyone who wants to protect personal assets. Business owners are generally not personally liable for the company’s debts and obligations.
